Brief: Latécoère Enters Into Agreement For Acquisition Of Figeac Aero's Activities In Mexico

Latecoere SA

20/06/2022 07:04

June 20 (Reuters) - Latecoere SA  LAEP.PA :
    * LATÉCOÈRE HAS ENTERED INTO AN AGREEMENT FOR THE
ACQUISITION OF
FIGEAC AERO'S ACTIVITIES IN MEXICO
    * ANNOUNCES THAT IT HAS ENTERED INTO AN AGREEMENT WITH
FIGEAC AERO
TO ACQUIRE ITS HERMOSILLO INDUSTRIAL SITE IN MEXICO AND BOEING
787-RELATED INVENTORY ON SITE AT CLOSING
    * THIS ACQUISITION IS CONDITIONAL TO FINALIZING OTHER
RELATED
ADDITIONAL AGREEMENTS AND CLOSING WOULD BE ANTICIPATED TO OCCUR
IN 4TH QUARTER 2022, PROVIDED IMMEX* CLEARANCE IS OBTAINED
    * ACQUISITION WOULD STRENGTHEN COMPETITIVENESS OF
LATÉCOÈRE'S
MEXICAN OPERATIONS, IN ORDER TO BETTER SERVE NORTH AND SOUTH
AMERICAN AEROSTRUCTURES MARKET

Source text for Eikon:  ID:nBw2WwK2Ta 
Further company coverage:  LAEP.PA 

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